Comments
Silver prices drifted further lower by 0.27 per cent to Rs 39,162 per kg in futures trade today as speculators cut positions, tracking a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in far-month July fell by Rs 107, or 0.27 per cent, to Rs 39,162 per kg in a business turnover of 5 lots.
Similarly, the white metal for delivery in May contracts was trading lower by Rs 80, or 0.21 per cent, to Rs 38,675 per kg in 442 lots.
Analysts said offloading of positions by participants in line with a subdued trend overseas led to the fall in silver prices at futures trade.
Globally, silver fell 0.33 per cent to USD 16.45 an ounce in Singapore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.